PT: Australian Shares Pull Back, Profit Taking Hits Gold And Oil Producers
Investors sold mining and energy shares taking profits on recent strong gains in resource stocks. Banks were well bid and held up in a day of profit taking. JB Hi Fi was up 69 cents, or 5.1 per cent, at $14.17 after it forecast a 41 per cent rise in full-year net profit.
The benchmark S&P/ASX 200 index was down 0.9 per cent, or 36.3 points, at 3934.9, while the broad-market All Ordinaries index was also down 0.9 per cent, or 35.4 points, at 3933.6.
ANZ was up 11 cents, or 0.7 per cent, at $16.41, Commonwealth Bank was up 48 cents, or 1.3 per cent, to $36.99, NAB lost 25 cents, or 1.1 per cent, to $21.70 and Westpac was up 12 cents, or 0.6 per cent, at $19.35.
Macquarie Group was down 4 cents at $36.84.
Oil stocks were mixed, Woodside lost 45 cents, or 1.1 per cent, to $42.17, and Santos gained 6 cents, or 0.4 per cent, to $15.06. Gold stocks were weaker, Lihir fell 12 cents, or 3.8 per cent, to $3.01 and Newcrest lost $1.09, or 3.3 per cent, to $31.65.